News and commentary about road pricing across the globe. Tolls, congestion charging, distance based charging, road user charging. Public policy, economics, technology and more. If Google brought you here, look down the right sidebar for references.

Saturday, 27 November 2010

Brisa seeking new toll road investments

Bloomberg reports that Portuguese toll road company Brisa is deliberately seeking new opportunities to diversify its toll road portfolio as it bids for concessions in Turkey and India. Part of the motivation is to compensate for the expected poor performance in Portuguese toll roads as the economy is hit by recession, government austerity programme and risk of a sovereign debt crisis. Brisa is cash positive, but sees growth opportunities elsewhere after it sold out from its investment in Brazilian toll road company Cia. de Concessoes Rodoviarias SA.

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What is road pricing?

Road pricing is any system that directly charges motorists for the use of a road or network of roads. Traditionally it has meant tolls on single routes, particularly crossings such as bridges or tunnels. More recently it also includes area, cordon and zone pricing of urban areas, and distance and time based charging of whole networks. It does not include fuel or tyre taxes, or taxes on ownership or purchase of road vehicles.